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Gold output to lift in 2021 after COVID-19 downturn

Gold production is set to bounce back in 2021 following a drop last year after COVID-19-related stoppages at mines led to lower output globally, with the notable exception of Australia, according to London-based data and analytics firm GlobalData.

 Gold output to lift in 2021 after COVID-19 downturn  Gold output to lift in 2021 after COVID-19 downturn  Gold output to lift in 2021 after COVID-19 downturn  Gold output to lift in 2021 after COVID-19 downturn  Gold output to lift in 2021 after COVID-19 downturn

Gold production is set to jump this year, according to GlobalData

Output is forecast to lift 5.5% to just shy of 114 million ounces and jump a further 3% in 2024 to 124.1Moz, driven by a spike in output at mines in the US, Canada, Indonesia and Peru.